States › Maine › Old Town

Is Old Town, ME expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,09138% lower than U.S. average
💵 Families earn per year (2026)$55,634about $4,636/month · 36% lower than U.S. average
🔑 House price$208,10037% lower than U.S. average

Rent is lower than in 82% of U.S. cities. A typical house costs about 3.7 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $43,640 a year. That is $21 an hour at a full-time job.

Is rent cheaper than other Maine cities?

Yes. Rent here is cheaper than in most of Maine. It is number 4 of 34 cities from cheapest to most expensive.

Old Town
$1,091
Caribou
$1,194
Gorham
$1,866
Topsham
$1,645
Rockland
$1,498
Belfast
$1,061
Skowhegan
$991

How much do households earn in Old Town?

Under $25k
18.5%
$25k–50k
28.3%
$50k–100k
28.8%
$100k–150k
13.3%
$150k+
4.8%

Share of households by yearly income. 18.1% of households earn $100,000 or more.

Rent by apartment size in Old Town

SizeOld TownU.S. average
1 bedroom$956$1,324
2 bedrooms$1,107$1,509
3 bedrooms$1,219$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Old Town overall?

Everyday prices in Maine overall are 3% below the U.S. average (index 97.0, U.S. = 100).

Housing
79
Goods (food, clothes…)
97
Utilities
135
Other services
103
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Old Town, so the Maine figure is shown.

Taxes and bills in Old Town

🏛️ Property tax$3,153a year · 1.52% of home value · U.S. $3,119
⚡ Electric bill$127a month (typical) · U.S. $156

Life in Old Town

Commute to work20.2 minU.S.: 26.4 min
College degree36.8%U.S.: 35.7%
Own their home59.3%U.S.: 65.2%
Below poverty line21.3%U.S.: 12.5%
Unemployment1.8%U.S.: 5.2%

Is it cheaper to rent or buy in Old Town?

Renting is cheaper right now: about $353 a month less.

Renting
$1,091
Owning
$1,444

Owning assumes a typical $208,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,810 for the down payment.

Frequently asked questions

What is the average rent in Old Town, ME?

Renting in Old Town costs a median of about $1,091 a month in 2026, including utilities. The Maine median is $1,452.

How much do I need to make to live in Old Town?

To keep rent under 30% of income, you need about $43,640 a year, or $21 an hour at a full-time job.

Is Old Town cheap or expensive?

Old Town is rated OK: rent takes 23.5% of the typical household income of $55,634. It ranks 4th cheapest of 34 Maine cities we track.

How much are property taxes in Old Town?

The median homeowner in Old Town pays $3,153 a year in property taxes, about 1.52% of the median home value.

Is Old Town more expensive than the national average?

Overall prices in Maine are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Old Town?

The median home value in Old Town is $208,100, about 3.7 times the typical yearly household income.

7,470 people live in Old Town. Numbers are typical (middle) values.